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Currency Conversion in Supplier Ariba Network

velayudham
Explorer
0 Kudos

Hi All,

Is any aware of how Currency Conversion is calculated on the Supplier Ariba Network. If Supplier's Default Currency is CAD, and if Supplier is trying to invoice against a contract created from Buyer with Currency USD, Typically in this scenario, the Shipping Amount from Supplier side would be showing up in CAD in Ariba Network(please find the attached screenshot), but how does this CAD to USD Conversion happens on the Ariba Network for Suppliers when the Total Amount in this scenario is converted to USD? Is it based on the Currency Conversion rates configured on the buyer side? (We validated this in our Test system, it doesn't look like its taking the values maintained from Buyer side).

Thanks,
Velu

Accepted Solutions (1)

Accepted Solutions (1)

anandbhat
Discoverer
0 Kudos

KB0394595 (open access) and KB0406248 (requires Ariba Connect access) indicate the conversion rate is picked up from a daily Bloomberg feed.

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Question: How are exchange rates determined on invoices?

Answer: For online invoice entry, it defaults to the exchange rate from a daily Bloomberg feed. These rates are gathered by Bloomberg from multiple pricing sources.

velayudham
Explorer
0 Kudos

Thanks a lot Anand, the KBs provided help

Answers (0)